BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Stock Price Down 7.6% – Should You Sell?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) dropped 7.6% on Thursday . The stock traded as low as $16.22 and last traded at $16.22. Approximately 2,386,713 shares changed hands during trading, an increase of 32% from the average daily volume of 1,814,576 shares. The stock had previously closed at $17.55.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Price Performance

The company has a market capitalization of $12.08 billion, a PE ratio of 37.73 and a beta of -5.03. The company has a 50-day moving average of $21.44 and a two-hundred day moving average of $25.74.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Company Profile

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The MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks -3x the daily price movements of an index of technology and consumer discretionary companies. The note uses derivatives to achieve its -3x exposure. FNGD was launched on Jan 25, 2018 and is issued by REX Microsectors.

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